当前位置：中博教育 > ACCA > 学习指导 > ACCA FM资本资产定价模型：CAPM formula

ACCA FM资本资产定价模型：CAPM formula

文章来源：ACCA全球官网

发布时间：2021-11-15 14:15

阅读：589次

财务管理学习指南的E部分包含对资本资产定价模型(CAPM)的若干参考，本文探讨了CAPM的理论、优点和缺点。

Section E of the Financial Management study guide contains several references to the Capital Asset Pricing Model(CAPM).This article is the final one in a series of three,and looks at the theory,advantages,and disadvantages of the CAPM.The first article in the series introduced the CAPM and its components,showed how the model could be used to estimate the cost of equity,and introduced the asset beta formula.The second article looked at applying the CAPM in calculating a project-specific discount rate to use in investment appraisal.

免费下载：ACCA历年真题+高频知识点+学霸笔记

CAPM formula

The linear relationship between the return required on an investment(whether in stock market securities or in business operations)and its systematic risk is represented by the CAPM formula,which is given in the Formulae Sheet:

微信图片_20211115140938.png

The CAPM is an important area of financial management.In fact,it has even been suggested that financial management only became an academic discipline when William Sharpe published his derivation of the CAPM in 1964.

相关阅读：【ACCA FM资本资产定价模型：CAPM assumptions】

2022年ACCA最新学习资料包

请大家认真填写以下信息，获取2025年ACCA学习资料包，会以网盘链接的形式给到大家，点击免费领取后请尽快保存。